Can I retire at age 45 with 1,040,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,040,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$85,882$85,117$84,371$83,642$82,931$80,244
2 years$42,516$41,724$40,957$40,213$39,491$36,809
3 years$28,062$27,267$26,502$25,765$25,055$22,462
4 years$20,837$20,044$19,286$18,562$17,869$15,386
5 years$16,503$15,715$14,967$14,257$13,584$11,216
6 years$13,615$12,832$12,096$11,402$10,748$8,499
7 years$11,552$10,777$10,052$9,374$8,741$6,609
8 years$10,006$9,238$8,524$7,864$7,252$5,235
9 years$8,804$8,043$7,342$6,698$6,107$4,204
10 years$7,843$7,089$6,401$5,774$5,204$3,412
11 years$7,058$6,311$5,635$5,025$4,475$2,791
12 years$6,403$5,665$5,001$4,408$3,878$2,297
13 years$5,850$5,119$4,468$3,891$3,382$1,901
14 years$5,376$4,653$4,015$3,454$2,964$1,579
15 years$4,966$4,251$3,625$3,081$2,610$1,316
16 years$4,608$3,900$3,286$2,758$2,307$1,100
17 years$4,292$3,592$2,991$2,478$2,045$922
18 years$4,011$3,319$2,730$2,233$1,819$774
19 years$3,760$3,076$2,499$2,018$1,621$650
20 years$3,535$2,858$2,294$1,828$1,448$547
21 years$3,331$2,662$2,110$1,659$1,296$461
22 years$3,146$2,485$1,944$1,508$1,161$389
23 years$2,977$2,324$1,795$1,374$1,043$328
24 years$2,823$2,178$1,660$1,253$937$277
25 years$2,681$2,044$1,538$1,144$843$234
26 years$2,551$1,921$1,426$1,046$760$198
27 years$2,430$1,808$1,324$958$685$167
28 years$2,318$1,703$1,231$877$618$142
29 years$2,214$1,607$1,146$805$558$120
30 years$2,117$1,518$1,067$738$504$101
31 years$2,027$1,435$995$678$456$86
32 years$1,942$1,357$928$623$412$73
33 years$1,862$1,286$867$573$373$62
34 years$1,788$1,218$810$527$338$52
35 years$1,718$1,156$757$485$306$44
36 years$1,652$1,097$708$447$277$37
37 years$1,589$1,042$663$412$251$32
38 years$1,530$990$621$380$228$27
39 years$1,475$941$582$350$207$23
40 years$1,422$896$545$323$187$19
41 years$1,372$853$511$298$170$16
42 years$1,324$812$480$275$154$14
43 years$1,279$774$450$254$140$12
44 years$1,236$738$422$234$127$10
45 years$1,195$703$397$216$115$8
46 years$1,155$671$372$200$105$7
47 years$1,118$640$350$185$95$6
48 years$1,082$611$329$171$86$5
49 years$1,048$584$309$158$78$4
50 years$1,015$558$291$146$71$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,040,000, adding $2,029 every year, while hoping to spend $39,140 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 49/21/30 Blend
44$1,040,000$1,040,000$1,040,000$1,040,000
45$1,148,173$1,093,053$1,076,933$1,194,535
46$1,223,642$1,104,968$1,071,366$1,239,261
47$1,305,497$1,116,155$1,064,300$1,283,827
48$1,394,348$1,126,537$1,055,644$1,331,503
49$1,490,866$1,136,032$1,045,303$1,382,605
50$1,595,789$1,144,552$1,033,176$1,437,479
51$1,709,930$1,152,005$1,019,157$1,496,512
52$1,834,181$1,158,291$1,003,137$1,560,131
53$1,969,525$1,163,306$985,000$1,628,806
54$2,117,045$1,166,936$964,625$1,703,061
55$2,277,930$1,169,062$941,887$1,783,473
56$2,453,492$1,169,559$916,653$1,870,680
57$2,645,171$1,168,291$888,784$1,965,389
58$2,854,558$1,165,116$858,137$2,068,382
59$3,083,398$1,159,882$824,560$2,180,521
60$3,333,617$1,152,429$787,895$2,302,763
61$3,607,333$1,142,585$747,977$2,436,161
62$3,906,879$1,130,170$704,633$2,581,883
63$4,234,824$1,114,992$657,681$2,741,218
64$4,593,998$1,096,848$606,935$2,915,589
65$4,987,514$1,075,522$552,196$3,106,572
66$5,418,804$1,050,786$493,258$3,315,903
67$5,891,647$1,022,399$429,907$3,545,505
68$6,410,203$990,105$361,917$3,797,498
69$6,979,057$953,634$289,055$4,074,225
70$7,603,257$912,698$211,074$4,378,273
71$8,288,364$866,995$127,720$4,712,499
72$9,040,503$816,204$38,725$5,080,058
73$9,866,423$759,986$0$5,484,432
74$10,773,555$697,982$0$5,947,472
75$11,770,089$629,815$0$6,469,814
76$12,865,045$555,083$0$7,043,832
77$14,068,360$473,362$0$7,674,799
78$15,390,983$384,206$0$8,368,526
79$16,844,973$287,143$0$9,131,421
80$18,443,621$181,673$0$9,970,550
81$20,201,564$67,270$0$10,893,700
82$22,134,934$0$0$11,909,457
83$24,261,502$0$0$13,040,373
84$26,600,846$0$0$14,301,671
85$29,174,541$0$0$15,689,454
86$32,006,355$0$0$17,216,554
87$35,122,479$0$0$18,897,112
88$38,551,769$0$0$20,746,708
89$42,326,021$0$0$22,782,508
90$46,480,268$0$0$25,023,429
91$51,053,114$0$0$27,490,312
92$56,087,094$0$0$30,206,124
93$61,629,076$0$0$33,196,170
94$67,730,705$0$0$36,488,336
95$74,448,888$0$0$40,113,346
96$81,846,329$0$0$44,105,058
97$89,992,124$0$0$48,500,779
98$98,962,410$0$0$53,341,620
99$108,841,085$0$0$58,672,879
100$119,720,597$0$0$64,544,476